Tiscali’s viability questioned

The embattled internet service provider, Tiscali, has another front to fight on, as things seem to be going from bad to worse for the ISP.

It seems that following an audit, Ernst & Young has decided that it is unable to sign off Tiscali’s accounts, causing concern throughout the stock market and resulting in a further reduction in share price.

The auditors claim that unless the company is able to renegotiate its debt structuring there is little chance of the business being viable, something that the company’s management disputes.

Tiscali says it will be announcing a plan at the shareholders meeting next month.

These are worrying times for Tiscali’s UK customers, as many are on packages that include phone broadband and TV services.

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